Web3 Wave in Music World: UMG Signs NFT Deal With Limewire

2022.05.19 13:36

Web3 Wave in Music World: UMG Signs NFT Deal With Limewire

• Universal Music Group (AS:UMG) to release NFTs on LimeWire’s Algorand marketplace.
• This union will enable artists under the UMG contract to publish their NFTs.
• The music industry is embracing Web3: LimeWire Co-CEOs.

LimeWire, a former P2P file-sharing platform that was recently relaunched as a digital collectible marketplace, has inked a global deal with the multinational music corporation, Universal Music Group, (UMG) to bring its artists’ digital collectibles to global audiences through non-fungible tokens (NFTs).

As part of this new partnership, UMG artists can now offer audio recordings, audiovisual content, backstage footage as well as other artworks as NFTs on the @LimeWire marketplace and sell them directly to fans and collectors in a safe and trusted environment.

Continue reading on CoinQuora

Source